ADBE Mar 2020 310.000 call

OPR - OPR Delayed Price. Currency in USD
41.70
+3.70 (+9.74%)
At close: 1:18PM EST
Stock chart is not supported by your current browser
Previous Close38.00
Open40.29
Bid42.80
Ask43.60
Strike310.00
Expire Date2020-03-20
Day's Range38.00 - 40.65
Contract RangeN/A
Volume3
Open Interest19
  • Adobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know
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    Adobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Adobe Systems (ADBE) closed at $349.74, marking a +1.26% move from the previous day.

  • MarketWatch

    Adobe stock gains after Oppenheimer upgrade, while Autodesk gets a downgrade

    Shares of Adobe Systems Inc. are up 0.9% in premarket trading Friday after Oppenheimer analyst Brian Schwartz upgraded the stock to outperform from perform, while Autodesk Inc. shares are off 0.7% after he made the reverse move on that software stock. Schwartz said that Adobe is the closest supplier among those he covers to achieving the "holy grail" of the customer experience, which in his view is "having the capability to smoothly integrate customer data, workflow, analytics, compute and reporting in real-time, across all devices." As for his Autodesk downgrade, Schwartz is concerned that the company's strong execution in its construction business can't balance a weak macroeconomic backdrop in the manufacturing sector. Autodesk's stock has added 33% over the past three months, while Adobe's has climbed 28% and the S&P 500 has risen 11%.

  • Does Adobe (NASDAQ:ADBE) Have A Healthy Balance Sheet?
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    Does Adobe (NASDAQ:ADBE) Have A Healthy Balance Sheet?

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  • New coalition of software startups takes aim at Salesforce, Oracle, SAP
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    New coalition of software startups takes aim at Salesforce, Oracle, SAP

    This group of 200 members is calling on other independent software makers to join their cause in fighting CRM suite makers that require customers to use only software tools in their suite.

  • Moody's

    Adobe Systems Incorporated -- Moody's upgrades Adobe's senior unsecured rating to A2

    Moody's Investors Service, ("Moody's") upgraded Adobe Systems Incorporated's senior unsecured rating to A2 from A3. Adobe surpassed $11 billion of revenue in FY 2019 (FYE November 29, 2019) and though small relative to other A2 rated issuers, its growth rate is among the highest in the rating category, its free cash flow well above the median for the category and its credit metrics among the strongest in the category. Adobe's growth rate has averaged over 20% since 2015 driven by increasing adoption of the company's creative tools and the digital transformation of the advertising and marketing process.

  • New Relic names former Adobe, Microsoft exec chief product officer
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    New Relic names former Adobe, Microsoft exec chief product officer

    Previously, New Relic's chief product officer was based in Portland. The new CPO will share time between Salt Lake City, Portland and other global offices.

  • Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices
    Bloomberg

    Software Upstarts Hit Salesforce, Oracle on Tech and Sales Practices

    (Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer.  Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Factors Setting the Tone for Citrix's (CTXS) Q4 Earnings
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  • Has Adobe Systems (ADBE) Outpaced Other Computer and Technology Stocks This Year?
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    Has Adobe Systems (ADBE) Outpaced Other Computer and Technology Stocks This Year?

    Is (ADBE) Outperforming Other Computer and Technology Stocks This Year?

  • Why Rite Aid (RAD) is Poised for Splendid Returns in 2020
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    Rite Aid's (RAD) sound fundamentals and strategic endeavors might help it retain its bull run in 2020. Wellness remodels, the expansion of EnvisionRxOptions and innovative products are keys to growth.

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    IBM Gears Up to Report Q4 Earnings: What's in the Cards?

    IBM's Q4 performance is likely to have gained from growing adoption of cloud solutions. However, currency rate fluctuations and declines in IBM Z product cycle may have been concerns.

  • 3 Reasons Growth Investors Will Love Adobe (ADBE)
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    3 Reasons Growth Investors Will Love Adobe (ADBE)

    Adobe (ADBE) possesses solid growth attributes, which could help it handily outperform the market.

  • Adobe Systems (ADBE) Is Up 2.41% in One Week: What You Should Know
    Zacks

    Adobe Systems (ADBE) Is Up 2.41% in One Week: What You Should Know

    Does Adobe Systems (ADBE) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Adobe (ADBE) Moves to Buy: Rationale Behind the Upgrade
    Zacks

    Adobe (ADBE) Moves to Buy: Rationale Behind the Upgrade

    Adobe (ADBE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Barrons.com

    3 Software Stocks That Could Be Big Winners in 2020

    Morgan Stanley believes investors need to be more selective in picking software stocks this year after the industry’s big rally in 2019.

  • Adobe Experience Manager now offered as cloud-native SaaS application
    TechCrunch

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    Adobe announced today that Adobe Experience Manager (AEM) is now available as a cloud-native SaaS application. Prior to this, it was available on premises or as a managed service, but it wasn't pure cloud-native. Obviously being available as a cloud service makes sense for customers, and offers all of the value you would get from any cloud service.

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  • Microsoft CEO Satya Nadella: Here's what will define the future of retail
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    Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.

  • Adobe Brings One of Its Last Legacy Products to the Cloud
    Bloomberg

    Adobe Brings One of Its Last Legacy Products to the Cloud

    (Bloomberg) -- Adobe Inc. unveiled a cloud-based system to help clients build websites, bringing one of its last legacy products to the cloud almost a decade after shifting to internet-based software.The new content management system already is being used by some customers, the San Jose, California-based company said Monday in a statement. The software maker announced the service at the National Retail Federation conference in New York.Adobe is the largest vendor for enterprise customers in a $3.8 billion market for software that builds websites and manages digital assets, according to data from research firm IDC. The company said it’s the first to provide a purely cloud-computing based solution to large business clients. The software maker currently manages 15 billion web page visits per day and more than 50 million digital assets, including images and videos, across its customer base. Wix.com Ltd. and closely held Squarespace are among the competitors in the field.Companies are increasingly attempting to differentiate themselves with personalized customer experiences, led by websites and marketing materials. Adobe’s “Experience Manager” is also being used to power in-store, interactive screens that retailers have begun using to teach shoppers more about their products.Adobe has spent almost four decades quietly dominating small patches of the technology industry. While it is synonymous for its creative and design software, led by Photoshop, the company has continually invested in new products to maintain leading positions in areas such as marketing, advertising, and customer experience software. The product expansion fueled a 24% revenue increase last year. Wall Street responded favorably, with Adobe’s stock climbing 46% in 2019.Chief Executive Officer Shantanu Narayen moved much of Adobe’s product suite to the internet in 2011, leading to years of growing revenue and setting an example followed by other software makers, including Microsoft Corp. For years, clients who used content management systems weren’t ready to change their way of doing things, Loni Stark, a senior director of strategy and product marketing at Adobe, said in an interview. But added pressure on brands to modernize with sophisticated websites and applications have changed their calculations.Experience Manager’s transition to the cloud “means companies can deliver content faster and be always current on the latest capabilities we’re delivering out there,” Stark said.Apparel company Under Armour Inc. and mapping company Esri Inc. have begun using the new service, and extolled the quicker uploading times and ease of use.“There are no servers to manage,” Bill Phillips, an applications manager at Esri, said in an interview. “Our developers can focus on developing our website and helping get our marketing message out there quicker.”Adobe Experience Manager was previously available as a hosted service, with the software maker managing the infrastructure for clients. But it relied on old-school software that required lengthy download periods for patches and updates, rather than the continuous updates available with internet-based software.“I think of this as a new beginning, a new decade,” Stark said.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Is Adobe (ADBE) Up 11.1% Since Last Earnings Report?
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    Why Is Adobe (ADBE) Up 11.1% Since Last Earnings Report?

    Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Stock Research Reports for Chevron, Accenture, Adobe & Others
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    Stock Research Reports for Chevron, Accenture, Adobe & Others

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  • TheStreet.com

    Top 5 Cloud Stocks to Own for 2020 and for the Next Decade: Analyst

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  • Former Informatica CEO tapped to lead Adobe unit a year after reorganization
    American City Business Journals

    Former Informatica CEO tapped to lead Adobe unit a year after reorganization

    Adobe Inc.'s Digital Experience business finally has a new leader, a year after former general manager Brad Rencher left in a reorganization.